Kuwaiti oil barrel down 22 cents at USD 64.86 pb on Tues.

KUWAIT, The price of Kuwaiti oil barrel dropped 22 cents to reach USD 64.86 per barrel on Tuesday, compared to USD 65.08 pb on Monday, announced Kuwait Petroleum Corporation (KPC) on Wednesday.

Meanwhile, oil prices at international markets dropped slightly after data released by the American Petroleum Institute (API) showed that crude oil reserves in the US have unexpectedly risen.

Brent crude went down one cent to reach USD 70.11 per barrel upon settlement, while West Texas Intermediate lost 30 cents to reach USD 65.25 pb.

Source: Kuwait News Agency